Canada Stocks to Watch: Encana, Bank of Montreal and More

Encana Corp. on Tuesday said it had agreed to sell all of its Haynesville natural-gas assets in northern Louisiana for $850 million, to a joint venture formed by GeoSouthern Haynesville LP and funds managed by GSO Capital Partners LP. Calgary-based Encana said it would use the proceeds to pay down debt.

Bank of Montreal, Canada’s fourth-largest lender by assets, reported higher earnings in the fiscal third quarter, helped by a strong performance in its personal and commercial banking segment. The bank’s adjusted profit of C$1.86 a share beat analyst expectations for earnings of C$1.73 a share.